Bitcoin Analysts Set Mid-Term Price Target at $155,000

Gold is trading at $3,333 per ounce, reaching new all-time highs, while Bitcoin (BTC) consolidates around $80,000. Analysts suggest BTC may soon follow gold's upward trend.

Bitcoin Set To Follow Gold’s Momentum

Analysts from the crypto account Cryptollica indicate that BTC is poised to replicate gold's price movement. Key observations include:

Both assets formed a macro-bottom in early 2023.
Gold broke out in subsequent months, while BTC is expected to break out around November 2024.
BTC may target $155,000, surpassing its ATH of $108,786 from January.
The global M2 money supply is projected to increase in 2025, supporting risk-on assets like BTC.

BTC Maturing As A Safe Haven Asset

BTC shows resilience amid global economic uncertainty. Highlights include:

Performance during tariff conflicts mirrors that of gold, both assets performing strongly.
BTC faced a -33% correction this cycle, the shallowest compared to past cycles.
Institutional investors are taking profits, evident from recent ETF outflows.
As of now, BTC is priced at $84,694, reflecting a 0.7% increase in the last 24 hours.